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45A.863 Antinepotism provisions.

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Page 1 of 1 45A.863 Antinepotism provisions. (1) A person shall not serve on an underwriter or bond counsel selection committee if that person, his spouse, either of his parents, any of his siblings, or any of his <br>children is employed by a bond counsel or underwriter which has prequalified <br>pursuant to KRS 45A.853(1) or owns one percent (1%) or more of a bond counsel <br>or underwriter firm which has prequalified pursuant to KRS 45A.853(1). (2) If, in the course of an individual's service on a selection committee, he, his spouse, either of his parents, any of his siblings, or any of his children is employed by an <br>underwriter or bond counsel which has prequalified pursuant to KRS 45A.853(1) or <br>owns one percent (1%) or more of an underwriter or bond counsel firm which has <br>prequalified pursuant to KRS 45A.853(1), then his membership on the selection <br>committee shall end and the vacancy shall be filled as prescribed in KRS 45A.843. (3) For a period of one (1) year after a person ends his service on a selection committee, the Commonwealth shall not consider employing an underwriter or a bond counsel <br>if that person, his spouse, either of his parents, any of his siblings, or any of his <br>children is employed by a firm which was awarded a contract by a selection <br>committee on which he served or owns one percent (1%) or more of a firm which <br>was awarded a contract by a selection committee on which he served. Effective: July 15, 1994 <br>History: Created 1994 Ky. Acts ch. 409, sec. 8, effective July 15, 1994.